Binary Options Level Trading - Support / Resistance Levels
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Binary options level trading forecasts
24 March 2017
What does the binary options level trading page shows?
On this page, we will daily publish binary options tips or the support and resistance levels (sr levels) for manual binary options trading. You can use the levels in your daily binary options trading with our binary options level trading strategy.
How can I use these binary options sr levels?
First of all, it can help you to analyze the market and movement. We do not recommend you to trade real money with these signals. Trade only on demo accounts!
Please read our binary options level trading strategy and always follow it.
Support and Resistance Binary Options Trading Strategy
That trading strategy needs advanced trading skills from the trader! Please do not use it on a real account before you have tested it and understood how it works!
Used currency assets - EURUSD, GBPUSD, USDJPY.
Used timeframes - M15, H1.
The forecast for each of the three currency assets is provided in two timeframes.
The levels indicated on an M15 timeframe charts can be used only on the M15 timeframe.
The levels indicated on an H1 timeframe charts can be used only on the H1 timeframe.
You need to copy all levels indicated on the published charts to your trading platform. If you do not have such a platform, we recommended using the free software - MetaTrader4 or Metatrader5. Detailed description, instructions, and downloads can be found on their official website. Google it.
You also can use our free MetaTrader web platform.
Symbols in the binary options forecasts
The vertical blue line - the time when the market analysis was made.
The horizontal red line resistance levels - levels to buy PUT option only when the price comes close to it or when the price touches the line from below.
The horizontal green line, support levels - levels to buy CALL option only when the price comes close to it or when the price touches the line from above.
Symbols in the binary options tips reports
Green arrow "down" - indicates the place where the PUT option was purchased and deal closed in the money (ITM).
The red arrow "down" - indicates the place where the PUT option was purchased and deal closed out of the money (OTM).
Green arrow "up" - indicates the place where the CALL option was purchased and deal closed in the money (ITM).
The red arrow "up" - indicates the place where the CALL option was purchased and deal closed out of the money (OTM).
The vertical blue line - the trading day range.
Gray vertical line - the place where the trade could be, but you shouldn't trade it because high impact news was issued that time.
ATTENTION! The results are given just as an example of trader's trades! They were made with the help of his trading knowledge and skills. Your results will differ! If you need detailed description of each result contact our support!
Time to trade with binary options tips
The recommended time to trade - from the time of the publication until the closing of the US market in 21-00 GMT that day.
WARNING! Do not trade during high impact news and events. You can get actual information about the upcoming news here.
Rules of entering the market.
Buy PUT option only when the price touches or comes very close(fast movement that was close up to 2pips) the RED (resistance) line from below.
Buy CALL option only when the price touches or comes very close(fast movement that was close up to 2pips) the GREEN (support) line from above.
You can use the same level for another trade ONLY if the price has moved from the level to another level for the distance of at least 40-50% between the closest levels.
Buying an option is carried out before the closure of the current candle on the used time frame M15 or H1.
Example for M15: The price touches the red line at 13:52. That means that the current candle was opened at 13-45 and will close at 14-00, thus you have 8 min for the closure of the current candle. In that case, you need to buy a PUT option with expiry time 14:00. If your broker does not allow you to make such trade and offers you to make a trade on next candle i.e. with expiry price at 14:15 or any other time - ignore the trade.
Example for H1: The price touches the green line at 10:24. This means that the current candle was opened at 10.00 and will close at 11.00, thus you have 36 min for the closure of the current candle. In that case, you need to buy a CALL option with expiry time 11:00. If your broker does not allow you to make such trade and offers you to make a trade on next candle i.e. with expiry price at 11:00 or any other time - ignore the trade.
The best way to use the binary options tips (SR LEVELS)
The best and easiest way to use the levels is to setup MT software and make alerts.
For that you need:
1. Install and launch MetaTrader4 or MetaTrader5 on your computer.
2. Connect to the FXCM Demo broker server (the one we use for the forecasts and signals).
2.1. For MT4 use FXCM2-USDDemo01 server - FXCM Global Services, LLC.
2.2. For MT5 use FXCM-MT5 server - Forex Capital Markets, LLC.
3. Put the levels on your chart.
4. Set up the alerts - when the price touches the level and 3-4 pips before. So you can see the type of movement and make a decision of taking the trade.
5. Wait for the alert and make a trade on your broker platform.
With that set-up, you will see the same prices that we have for analysing the market.
You should also use some indicators (Bollinger Bands, Moving Average, Relative Strength Index and etc). They can improve your trading with the levels.
You can set an alert in the MetaTrader software, thus when the price touches any of the lines - you will hear a sound. You can also make few alerts. One will notify you when the price is close, another when the price has touched the line. Read more in MetaTrader documentation.